3650 Capital Secures $215M in New Investments from CalSTRS, Mubadala
Summary
MIAMI, March 27, 2025--(BUSINESS WIRE)--3650 Capital (3650), a nationwide alternative commercial real estate lender, special servicer and solutions provider focused on originating, servicing and asset-managing loans and providing advisory support to global institutions, today announced that it has secured $215 million in fresh capital commitments from repeat investors the California State Teachers Retirement System (CalSTRS) and Mubadala Investment Company. "We are deeply grateful for the unwavering support of our world-class, global institutional investors and are proud to accept these new commitments from both CalSTRS and Mubadala," said Jonathan Roth, Co-Founder and Managing Partner of 3650 Capital. "As longtime advocates of 3650s investment strategies, both organizations have enabled us to continue to pursue a diverse range of capital solutions for our borrowers, resulting in superb portfolio performance and consistent growth. We look forward to maintaining our longstanding relationships with both institutions as we identify new opportunities to deploy capital into a variety of U.S. markets and projects in the new year and beyond. Our proven business model, cyclical real estate experience and creative, all-in-one approach have led to a unique ability to capitalize on these opportunities and offer outsized returns.